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High Impact Events Trading... Gold & Copper 417 replies

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Copper for everyone

  • #281
  • Apr 25, 2024 4:40am Apr 25, 2024 4:40am
so far soo good.

i adjusted the top trendline and as a result has a higher target.
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In tea leaves we trust!
  • #282
  • Apr 25, 2024 10:57am Apr 25, 2024 10:57am
hit 1.414 fib and dropped. got most of that but of course gave some back at the top.

it could retrace back to break. we'll see.
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In tea leaves we trust!
  • #283
  • Apr 25, 2024 9:19pm Apr 25, 2024 9:19pm
now we have cup and handle - target now 4.71 ish

contract has already rolled over for me (vol based). currently on the neck line. in tradingview it has already broken out (not rolled over).
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In tea leaves we trust!
  • #284
  • Apr 28, 2024 5:30pm Apr 28, 2024 5:30pm
still very much in play

i thought friday's action broke the setup. nope.
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In tea leaves we trust!
  • #285
  • Apr 29, 2024 6:42pm Apr 29, 2024 6:42pm
moving way quicker then expected.
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  • #286
  • Apr 30, 2024 11:19am Apr 30, 2024 11:19am
always a decision where the to base the fib extension on which trendline. if i move the C&H trendline off the candle bodies i get 2.0 fib. meanwhile diagonal fib hit exactly at 2.618
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In tea leaves we trust!
  • #287
  • May 1, 2024 10:00am May 1, 2024 10:00am
Quoting Mcbeaners
always a decision where the to base the fib extension on which trendline. if i move the C&H trendline off the candle bodies i get 2.0 fib. meanwhile diagonal fib hit exactly at 2.618 {image}
back to the cup rim. not so sure what is next....i need to channel some jessie livermore.
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In tea leaves we trust!
  • #288
  • May 13, 2024 5:02pm May 13, 2024 5:02pm
Did you get some?

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It takes a lot for me to IGNORE you, but you can try.
  • #289
  • May 14, 2024 8:45am May 14, 2024 8:45am
Quoting Erebus
Did you get some? {image}
sure did sailor!

i think we are close to phase point. still think we are going to ATH without doubt.
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In tea leaves we trust!
  • #290
  • Edited 10:48am May 14, 2024 10:25am | Edited 10:48am
Quoting Mcbeaners
{quote} sure did sailor! i think we are close to phase point. still think we are going to ATH without doubt. {image}
nope this one is more likely - 5.00
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In tea leaves we trust!
  • #291
  • May 14, 2024 11:02am May 14, 2024 11:02am
Quoting Mcbeaners
{quote} nope this one is more likely - 5.00 {image}
surprised they didn't make it over the ath. still good enough for a short now. size large blow off top.
In tea leaves we trust!
  • #292
  • May 14, 2024 7:25pm May 14, 2024 7:25pm
Quoting Mcbeaners
{quote} surprised they didn't make it over the ath. still good enough for a short now. size large blow off top.
ah maybe because they wanted to take it there during the asian session. hmmm
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  • #293
  • May 15, 2024 8:13am May 15, 2024 8:13am
nuff said. now are they ready to allow it to drop? probably.
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In tea leaves we trust!
  • #294
  • May 15, 2024 9:29am May 15, 2024 9:29am
i'm long from 4.82ish looking for 4.95ish ideally.
In tea leaves we trust!
  • #295
  • May 15, 2024 10:33am May 15, 2024 10:33am
some longer term maybe's.
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In tea leaves we trust!
  • #296
  • May 15, 2024 10:49am May 15, 2024 10:49am
Quoting Mcbeaners
i'm long from 4.82ish looking for 4.95ish ideally.
closed at 4.89 ish. might still be heading north but i'll wait for confirmation before re-entering.
In tea leaves we trust!
  • #297
  • May 15, 2024 11:12am May 15, 2024 11:12am
Quoting Mcbeaners
{quote} closed at 4.89 ish. might still be heading north but i'll wait for confirmation before re-entering.
ok got head faked out. will rejoin on the next drop.
In tea leaves we trust!
  • #298
  • May 15, 2024 12:39pm May 15, 2024 12:39pm
Quoting Mcbeaners
{quote} ok got head faked out. will rejoin on the next drop.
hit 4.95 (good enough) and dropped.

taken a short but probably are wrong. we'll see.
In tea leaves we trust!
  • #299
  • May 22, 2024 6:10am May 22, 2024 6:10am
was short now long, looking for 5.05 ish
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In tea leaves we trust!
  • #300
  • May 28, 2024 10:36am May 28, 2024 10:36am
i believe copper is trying to bottom out. 4h chart suggests this.

but i just noticed that it is currently in backwardation.

short-term i'm looking to short but will reverse long under 4.746 (recent lows).
In tea leaves we trust!
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